Raleigh Bicycle Owner Accell Begins Insolvency Proceedings
Dutch parent company Accell says it has exhausted all available options and cannot meet financial obligations.
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Accell, the Dutch owner of iconic Nottingham bike manufacturer Raleigh, has entered insolvency proceedings after failing to meet financial obligations following years of losses.
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Warum es wichtig ist
Accell bought Raleigh for $100m in 2012. Raleigh faced redundancies in 2024 and losses of £30m.
The company that owns iconic Nottingham bike manufacturer Raleigh has begun insolvency proceedings.
Accell, based in the Netherlands, bought Raleigh for $100m in 2012 but said on Wednesday it had "exhausted all the available options" and was "no longer able to meet its financial obligations".
It comes after a difficult period for Raleigh, which saw redundancies in 2024 and losses of £30m in accounts released the following year.
Jonas Nilsson, chief executive of Accell, said it was "a deeply sad and frustrating situation".
Offene Fragen
- What will happen to Raleigh jobs and manufacturing?
- Will Raleigh be sold to a new owner?
